Westside Development Corporation Announces Application Period for the 2020 Loan and Grant Program for Businesses and Social Enterprises

A total of $100,000 available between two programs: $20,000 available for grants and $80,000 available in loan funds

By Alex Gutierrez

The Westside Development Corporation (WDC) announced its 2020 application period for its loan and grant program benefiting Westside businesses and social enterprises. Up to $100,000 will be deployed between the two programs.

The application period is open as of now through Sunday, March 1, 2020.  There is $20,000 available in matching grant funds of up to $5,000 and $80,000 in loan funds available with a minimum loan of $5,000.  All applying entries must qualify as a business or social enterprise by meeting eligibility criteria. Applicants may apply for both a grant and/or a loan.

“In 2019, WDC was able to provide matching grants to four businesses; Coco Leche, The Koffee Kup, National Association of Latino Arts and Cultures (NALAC) and San Antonio City Real Estate (SACRE). As well as a loan to Bluestar to expand their programming into the Westside.  The deployment of loan and grant funds through WDC ensures that we are working towards sustaining and supporting our Westside economy,” said Leonard Rodriguez, WDC President.

Funds received from the City of San Antonio (COSA) for loans and grants have helped grow Westside businesses. Since the WDC’s formation, the City has provided targeted financial resources to the Westside of San Antonio and deserves many congratulations for its creativity and collaboration through the WDC to support these important funding programs to assist the private sector.  More than $685,000 in COSA funds have been deployed through the WDC to area businesses and organizations since 2006.

The Westside Development Corporation is dedicated to fostering economic development and business growth in the near Westside of San Antonio. The organizations Loan & Grant program is designed to assist small businesses and entrepreneurs with start-up and business expansion capital. “By offering these funds, we have been able to help bridge the gap between great ideas and thriving businesses. Through loan and grant funding, the Westside Development Corporation is helping business owners access the capital and tools they need to grow.” says Board chairman Joseph Carreon.

The Westside Development Corporation is a City of San Antonio delegate agency, non-profit organization and Local Government Corporation responsible for attracting new business and assisting existing business in the Westside of San Antonio. The organization has been responsible for fostering economic development, promoting the development and redevelopment of real estate, creating viable urban communities, and preserving the character, culture and history of San Antonio’s Westside. For more information, about the WDC please visit WestsideDevCorp.com. For more information about San Antonio’s Westside, “Like” them on Facebook at https://www.facebook.com/ProsperWestSanAntonio/ or follow them on Twitter @westsidedevcorp.

Lenders, businesses, and social enterprises interested in learning more about the WDC loan and grant program may contact Melinda Gonzalez at 210-501-0192 or via email at melinda@westsidedevcorp.com.